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Low booster rates among older people in a vast population yet to develop hybrid immunity has sparked forecasts of over a million deaths.

Although the government on Wednesday loosened key parts of its strict "zero-COVID" policy that has kept the pandemic largely at bay for the past three years, many people appear wary of being too quick to shake off the shackles. China's capital swings from anger over zero-COVID to coping with infections Beijing's COVID-19 gloom deepened on Sunday with many shops and other businesses closed, and an expert warned of many thousands of new coronavirus cases as anger over China's previous COVID policies gave way to worry about coping with infection.

Wall Street's main indexes had come under pressure in recent days, with the S&P 500 shedding 3.6% since the beginning of December on expectations of a longer rate-hike cycle and downbeat economic views from some top company executives.

Some 81 per cent of Hongkongers receiving fourth coronavirus jab in past week have opted for new vaccine.